Missing The Auction Doesn't Mean Missing Out, Thanks To New Tech

The future of attending an auction for that dream home could be not attending at all.

It’s an odd statement, but Australian-based software start-up, Real Platforms Pty Ltd, has made this possibility a reality by launching their new mobile online auction bidding platform, FinalCall, which is designed to allow home-hunters to place bids in real time from any location around the world.

The platform aims to deliver greater convenience and additional opportunities for home-hunters who may have multiple scheduled auctions on any given day or are interstate or overseas and unable to appoint a proxy in their place.

Real Platforms chief executive officer Paul Arnost said with over 90 per cent of buyers beginning their home search online and a number of other live technology options emerging, FinalCall provides real estate agents with an opportunity to move with the market.

“FinalCall has been designed to work alongside the traditional auction model, providing an opportunity for bidders who previously have not been able to attend the auction to be able to still experience it in real time,” he said.

FinalCall was launched after a series of successful live auction trials conducted in conjunction with real estate agent Besser & Co.

The online platform is designed to be run autonomously by real estate agents who can list upcoming auctions to the platform, upon which verified potential bidders are able to bid in real time, with 100 per cent of the commission from the sale remaining with the agents.

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